Although the labor market has steadily strengthened, wage growth has remained slow in recent years. This raises the question of whether the wage Phillips curve—the traditional relationship between ...
Price rigidity is a key mechanism through which monetary policy is thought to affect the economy. When some prices are hard to change, firms may respond to a monetary impetus by changing instead their ...
Governor Adriana D. Kugler presents a lecture about inflation dynamics and the Phillips Curve to students in Harvard University's Ec10b Principles of Economics class on Monday, April 7, 2025. In the ...
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